Application for exercise of option under sub-section (7) of section 115BAB of the Income-tax Act, 1961

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..... ............................................ , on behalf of [name and registered address of the company exercising the option under sub-section (7) of section 115BAB] ………………. having Permanent Account Number (PAN)………………………………. do hereby exercise the option referred to in sub .....

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..... the company does not use any machinery or plant previously used except as provided in Explanation 1 and Explanation 2. (iii) the company does not use any building previously used as a hotel or convention centre, in respect of which deduction under section 80-ID has been claimed and allowed. (iv) the company is not engaged in any business other than the business of manufacture or production of .....

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